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Bitcoin a ponzischeme or is it? The other day my buddy questions if he should put all his money in bitcoin. And the truth is that if he’d bought bitcoin, say, a year ago he’d be feeling pretty good right now. On the other hand, Dutch speculators who bought tulip bulbs in 1635 also felt pretty good for a while, until tulip prices collapsed in early 1637. So is bitcoin a giant bubble that will end in grief? Yes. But it’s a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology. And there’s something to be learned about the times we live in by peeling away that wrapping. If you’ve been living in a cave and haven’t heard of bitcoin, it’s the biggest, best-known example of a “cryptocurrency”: an asset that has no physical existence, consisting of nothing but a digital record stored on computers. What makes cryptocurrencies different from ordinary bank accounts, which are also nothing but digital records, is that they don’t reside in the servers of any particu...

Bitcoin is droping and is said to be heading bellow the 5000.00 Mark! There might be a time to buy bitcoin again, but it definitely will not be until it break the $5,000 mark.  That would probably be a good time to re-evaluate what to do next keeping in mind to never become emotionally attached to an investment just because it has made a profit! Generous profit or not it is still a risk and still something you want to keep you 2 step ahead position on. The reason to buy bitcoin or to own bitcoin have been erased one by one , so we actually want to see the prices correct and some new good reasons to support its development.  some issues about bitcoin are unique to bitcoin on its own and some can apply everywhere (like the talks of it being banned in china Canada and the US.) bitcoin seen as a medium exchange is not working and unwieldy costly, the talk against bitcoin have switched from a mindless bubble to actually big sit downs and talks about bitcoin bei...